Printed And Flexible Sensors Market - Global Industry Size, Share, Trends, Analysis, And Forecasts 2012 – 2018
Albany, NY -- (SBWIRE) -- 07/21/2015 -- Transparency Market Research (TMR) has released a new report on the global printed and flexible sensors market, which delivers key insights on this industry. This report is titled "Printed And Flexible Sensors Market - Global Industry Size, Share, Trends, Analysis, And Forecasts 2012 - 2018". According to this report, the global printed and flexible sensors market will expand at a moderate 2.5% CAGR during the forecast period. The market was valued at US$6.28 billion in 2013 and is projected to be worth US$7.51 billion by 2020.The expanding internet-of-things (IoT) sector is expected to provide good growth opportunities for market players operating in the global printed and flexible sensors market. The global IoT market is worth billions and the rise of cloud apps, wireless networks, and sensors is expected to drive this market. The global printed and flexible sensors market is fragmented in nature and marked by the presence of several MNCs.
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Factors such as the massive market potential along with increasing support from governments will aid the development of the global printed and flexible sensors market in countries such as China, the U.K., the U.S., and Germany. Furthermore, these factors have led to a rise in the number of new entrants in the global printed and flexible sensors market. The most established firms operating in the global printed and flexible sensors market are KWJ Engineering, Thin Film Electronics ASA, GSI Technologies, Peratech UK, and ISORG.By type, the global printed and flexible sensors market is segmented into biosensors, capacitive, gas sensors, temperature sensors, hybrid CMOS sensors, digital x-ray sensors, photodetectors, piezoresistive sensors, and piezoelectric sensors. Biosensors are the most matured sector in the global printed and flexible sensors market. Glucose strips used to track and monitor glucose levels in diabetics is a multi-billion industry.
Presently, the printed biosensors sector holds the largest market share in the global printed and flexible sensors market and will continue its dominance throughout the forecast period. Other emerging applications of printed biosensors technology include evaluating and monitoring heart, cancer, and kidney diseases.Flexible and printed piezoelectric sensors find their application in the textile, automobile, consumer electronics, and healthcare industries. The sector of piezoelectric printed and flexible sensors is projected by TMR analysts to demonstrate the fastest growth during the forecast period. On the other hand, the rising production of motor vehicles offers a bright outlook for this sector. Other promising application sectors of the global printed and flexible sensors market include gas sensors, photodetectors, and temperature sensors.
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Geographically, the global printed and flexible sensors market is divided into North America, Asia Pacific, Europe, and Rest of the World. The European printed and flexible sensors market is leading in terms of new product development and other innovations.In 2013, North America dominated the global printed and flexible sensors market, with Europe following closely. However, Asia Pacific is anticipated to be the fastest growing regional market for printed and flexible sensors during the forecast period. The Asia Pacific regional market for printed and flexible sensors will thrive primarily due to the accelerating outsourcing of production and growing industrialization in nations such as China and India.
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